ADVANCED PETROCHEMCICAL COMPANY ANNOUNCES INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31.12.2012 (12 MONTHS)

ADVANCED PETROCHEMCICAL COMPANY ANNOUNCES ESTIMATED INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31.12.2012 (12 MONTHS).

1. The company's net profit during the Q4-2012 was SR 117 million compared to SR 90.6 million for the same quarter last year with an increase of 29.14% and compared to SR 100.3 million for the previous quarter with an increase of 16.7%.
2 The company's gross profit during the Q4-2012 was SR 134.5 million compared to SR 109.8 million for the same quarter last year with an increase of 22.5%.
3. The company's income from operation during the Q4-2012 was SR 122.2 million compared to SR 96 million for the same quarter last year with an increase of 27.3%.
4 The company's net profit during 12 months was SR 328.2 million compared to SR 512.8 million for the same period last year with a decrease of 36%.
5. The company's Earnings per share during 12 months was SR 2.00 compared to SR 3.13 for the same period last year. Note that the share capital increased from SR 1.41 billion to SR 1.64 billion and EPS is calculated for the twelve-month period ended December 31, 2012 and 2011 based on the number of 163,995,000 shares at 31 December 2012 and 2011.
6. The company's gross profit during 12 months was SR 386.5 million compared to SR 575.7 million for the same period last year with a decrease of 32.9%.
7. The company's income from operation during 12 months was SR 346.4 million compared to SR 533.7 million for the same period last year with a decrease of 35.1%.
8. The reason for the increase in net income of Q4-2012 compared to Q4-2011 is due to increase in sales quantities.
9. The reasons for the decrease in net income during 12 months of year 2012 compared to the same period last year are mainly due to decline in product prices and decrease in sales which was due to the turnaround during Q2-2012.
10. The reasons for the increase in net income of Q4-2012 compared to the Q3-2012 is due to increase in sales quantity and increase in product prices

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